FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says that financial market confidence "has visibly improved" as the 17-country group that uses the euro struggles with its debt crisis.
But he said the outlook for the economy remains "weak."
Draghi spoke after the bank's governing council left its key interest rate unchanged at 0.75 percent.
Stocks and bonds have risen since the bank said it was willing to buy bonds issued by heavily indebted countries, lowering their borrowing costs and easing fears of a eurozone collapse.
But the outlook is dim for growth that would help governments shrink their debt levels.
- Central Banks
- Mario Draghi
- European Central Bank